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World Bank

Solar Power Projects Get Assistance from International Institutions: Government

The assistance for solar power projects under such schemes are available to all States/UTs depending on requirement and demand. The Government has various solar power programmes which are being implemented through assistance of World Bank, International Finance Corporation and other multilateral financial institutions. This was stated by Power and New & Renewable Energy Minister, Raj […]

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Year End Review 2017 –MNRE

Government is on its way to achieving 175 GW target for installed Renewable Energy capacity by 2022 India attains 6th position in global Solar Power installed capacity By November 2017, a total of 62 GW Renewable Power installed, of which 27 GW installed since May 2014 and 11.79 GW since January 2017 Historic Low Tariffs […]

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Armenia Looks to Solar Energy

The government policy estimates the country’s potential capacity of solar energy production at up to 3,000 megawatts — enough to meet domestic demand and even make Armenia a net electricity exporter. Armenia is banking on renewable energy to increase its energy independence. Armenia much sunnier than most of Europe — according to government figures, it […]

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INDIA Marches Ahead

As 2017 comes to an end, it is worth taking a holistic look at the Indian solar market to analyze key trends, challenges and outlook. By many accounts, the Indian solar power industry is on a roll. According to a report released by consulting firm Bridge to India, India is expected to reach an installed […]

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Paris Agreement Enables India to Attract $3.1 Trillion of investments by 2030

India’s target of installing 175GW of energy capacity by 2022 claim to have potential of $448 billion worth investments. As per the report issued by the International Finance Corporation (IFC), around $3.1 trillion worth investments are to be expected by 2030. The investments majorly aimed at accomplishing goals as set by the Paris agreement. The […]

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EESL Organises Global Event INSPIRE 2017 on Energy Efficiency in Jaipur

INSPIRE 2017 is a global conference which aims to bring various stakeholders such as policy makers, innovators, financiers, influencers to showcase best practices in the sector. Energy Efficiency Services Limited (EESL) in alliance with the World Bank and Alliance for an Energy Efficient Economy (AEEE) organised the first edition of the International symposium to promote […]

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Investments in Renewable Energy Sector Could Hit $11T By 2040

India and China lead the development in renewable energy investments, accounting for almost 50 percent of new global capacity. Investments in renewable energy (RE) could climb to a cumulative $11 trillion by 2040, mostly in emerging markets, according to a study by the International Finance Corporation, a member of the World Bank Group. Major reforms […]

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India and Other Emerging Economies Can Unlock Trillions of Dollars in Climate Finance: IFC Global Report

Estimates indicate that India is on track to exceed its target of reducing greenhouse-gas emissions intensity by up to 35 percent by 2030. Developing countries like India can meet climate targets promised in the landmark Paris Agreement by catalyzing trillions of dollars in private investments through a combination of smart policy reforms and innovative business […]

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PERSPECTIVE

The government of India has set an ambitious target of 175 GW of renewable power installed capacity by the end of 2022, of which 58 GW has been installed so far. The Indian solar market added 1,869 MW in the second quarter of 2017, bringing installations in the first half of the year to 4,765 […]

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